Cardano ADA Faces Scrutiny Over $600M Treasury Discrepancy
Cardano (ADA) is under renewed scrutiny following allegations of a $600 million discrepancy in its treasury holdings. Artist Masato Alexander has raised concerns that a 2021 hard fork allowed the transfer of 318 million ADA from presale wallets to reserves, sparking debates about the blockchain’s governance. Intersect, a Cardano governance body, has confirmed receiving only $7 million, far less than the $619 million in question. This controversy has reignited longstanding questions about transparency and accountability within the Cardano ecosystem. As of May 21, 2025, ADA’s price stands at 0.73150000 USDT.
Cardano Audit Probes $600M ADA Gap – Was Treasury Looted?
Cardano faces renewed scrutiny as allegations surface over a $600 million discrepancy in its treasury holdings. Artist Masato Alexander claims a 2021 hard fork enabled the transfer of 318 million ADA from presale wallets to reserves, raising questions about the chain’s governance.
Intersect, a cardano governance body, confirms receiving just $7 million—far short of the $619 million in question. The controversy reignites longstanding doubts about the project’s early token distribution and centralized control.
The Cardano Foundation prepares an audit amid accusations that founder Charles Hoskinson unilaterally manipulated blockchain ledger entries during the Allegra hard fork. This development threatens to undermine confidence in one of crypto’s most methodically developed protocols.
Cardano Price Forecast: ADA Faces Correction as Momentum Wanes
Cardano’s ADA hovers precariously NEAR its $0.72 support level, with technical indicators and on-chain metrics flashing warning signs. A decisive close below this threshold could trigger a double-digit decline.
Network activity shows concerning trends—daily active addresses and DEX trading volume continue their downward trajectory. Santiment’s data reveals weakening fundamentals that align with the bearish technical outlook.
The cryptocurrency market watches closely as ADA’s momentum falters. This potential correction comes amid broader market uncertainty, though Cardano’s long-term proponents remain undeterred by short-term volatility.
Cardano (ADA) Shows Bullish Signals as Exchange Outflows Mirror 2021 Rally Precursors
Cardano’s native token ADA exhibits compelling bullish indicators, with nearly one billion tokens withdrawn from exchanges since January 2025. This $680 million exodus mirrors the exchange outflow pattern observed before ADA’s 2021 all-time high, suggesting weakening immediate sell pressure.
Despite a 9% weekly dip, analysts anticipate significant upside potential. Ali Martinez projects a breakout to $1 given specific technical conditions, while more optimistic forecasts suggest $3 by year-end. The sustained negative exchange netflow—a key on-chain metric—continues to fuel bullish sentiment among market observers.
Cardano’s Resilience Shines as ADA Surges 56% Year-to-Date
Cardano (ADA) continues to defy market expectations, maintaining relevance since its 2017 debut despite the crypto ecosystem’s rapid evolution. The asset has demonstrated remarkable volatility, swinging from an all-time low of $0.01735 to a peak of $3.10 during the 2021 bull run.
Currently trading 76% below its record high, ADA nonetheless shows impressive resilience with a 56% annual gain and 17% monthly surge. This performance underscores Cardano’s enduring position among top altcoins, particularly notable given its extended market presence compared to newer digital assets.
